The Dow Jones newswire has spoken to people that are said to be close to what is happening and has confirmed that the announcement will concern the Playstation 4. It said that the hardware will be out later this year, or around the same time as we might expect the Xbox 720.

It is possible that Sony will show off the hardware, games, controllers, motion sensors, moon-on-a-stick in February, just so it has the jump on Microsoft and its device.